Tex. Ins. Code § 885.502 · Subchapter K. TERMINATION OF FRATERNAL BENEFIT SOCIETY
INITIATION OF PROCEEDINGS FOR TERMINATION OF DOMESTIC FRATERNAL BENEFIT SOCIETY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may advise the attorney general of the commissioner's determination if:
(1) after examining a domestic fraternal benefit society, the commissioner determines that the society:
(A) has failed to comply with any provision of this chapter;
(B) is exceeding its powers;
(C) is not fulfilling its contracts in good faith; or
(D) is engaging in business fraudulently; or
(2) the commissioner determines that a domestic fraternal benefit society:
(A) has, after its first year of existence, had fewer than 400 members; or
(B) has discontinued business.
(b) The attorney general shall bring an action in quo warranto against the fraternal benefit society if the attorney general determines that circumstances warrant the action.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.885.htm
- Text hash
- sha256 d90426ef7b94d35aa9e0eb67b8ad2734cbb05e405d8d9b237d3efe50f0534c47
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 885.502. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.